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Sujon Kumar
Apr 07, 2022
In Getting Started
What do you want to accomplish?" Objectives are prepared to overcome Telephone Number List weaknesses and threats developed in the WOTSUP Analysis and to exploit the opportunities and strengths. 6. STRATEGY DEVELOPMENT: Once the objectives Telephone Number List have been developed, the preparation of strategies is the next step in the process. Strategies, must explain, in a broad Telephone Number List sense, how the objectives will be achieved. 7. SPECIFY ACTION PROGRAMS: After the objectives and strategies have been developed, describe the work to be performed. The actions Telephone Number List must be very specific; what work is to be done, by whom, how and when. 8. FORECASTS/BUDGETS/FINANCIALS PREPARED: The action programs when completed form the basis for budget preparation. The cost of each action and the revenues derived from the detailed actions generate the operating budget and cash flows for the Business Plan. Many organizations confuse Telephone Number List planning with budgeting. One important purpose of the budget is to ensure the business has adequate Telephone Number List financial resources to function. Budgeting is about not failing, planning is about what is possible. Frequently, people ask me should they start a business from scratch or should they buy an existing business. I have owned four businesses over my career.
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